Most Spanish crypto merchants are HODLing their cash, and the bulk favor Bitcoin (BTC) and USD Coin (USDC), a latest survey has discovered.
The survey was performed by the Spanish crypto trade and custody platform Criptan, and reported on by Europa Press and Zamora 24 Horas.
Spanish HODLing BTC and USD, Survey Finds
The examine analyzed the conduct of crypto customers in numerous components of Spain. The survey compilers additionally supplied demographic information about Spanish crypto traders, together with gender, employment standing, and age.
Bitcoin is by far and away Spain’s favourite cryptoasset, with 57% of merchants favoring BTC above different tokens.
However just below 1 / 4 of Spaniards favor the USD-pegged stablecoin USDC. Eurocoin adoption can be excessive in Spain, dominating nearly 16% of portfolios, forward of Ethereum (ETH) with just below 3%.
The survey additionally discovered that “most Spanish traders go for a long-term technique referred to as HODL [hold on for dear life], holding onto cryptoassets to capitalize on worth rises over time.”
It additionally discovered that, on common, crypto merchants sometimes “make investments 3,100 euros [$3,354]” in crypto.
Most Spanish crypto merchants (86%) are male, Criptan reported, with a median age of 38.
The overwhelming majority (70%) work in salaried jobs, whereas 18% are self-employed and seven% are in full-time schooling.
Spanish lending large BBVA mentioned it gained approval to launch Bitcoin and Ether buying and selling, integrating crypto into on a regular basis banking.#BBVA #CryptoTrading https://t.co/ifB7FxuUV8
— Cryptonews.com (@cryptonews) March 10, 2025
Regional Variations
In Spain’s largest autonomous area, Castile and León, merchants sometimes “make investments greater than 4,400 euros [$4,752] in crypto,” the examine discovered.
The overwhelming majority of crypto merchants on this area are male (88.5%), with a median age of 39, barely greater than the nationwide common.
Bitcoin is the “dominant asset” within the crypto portfolios of Castile-León residents for nearly 60% of crypto holders. BTC was adopted by USDC, with 19.2% and Ethereum, with 11.3%.
The identical examine discovered that crypto adoption was highest in Catalonia, the place some 19.9% of residents commerce cash.
Following shut behind was the Madrid area, with 19.2%, and Valencia with 17.4%.
Nonetheless, the figures differed when it comes to the best quantity of particular person funding, the place Madrid was in first place, adopted by Valencia. Catalonia positioned third.
An activist hedge fund is battling for management of Spain's most influential media group in opposition to the political institution https://t.co/aEBjX7Ohpa
— Bloomberg (@enterprise) March 22, 2025
Some Areas Nonetheless Cautious on Crypto
Nonetheless, some components of Spain are decidedly much less eager on crypto, with simply 1.1% of residents in Extremadura and 0.8% of individuals in La Rioja shopping for cash.
Of the few Riojans who do purchase cash, the typical funding per particular person is round 2,200 euros ($2,376), the examine’s authors discovered.
The information additionally reveals that Spanish crypto merchants are sometimes most energetic in November and December.
Funding volumes are inclined to backside out within the months of January and September, nonetheless.
Spanish crypto adoption may very well be in for an extra enhance within the months forward. Earlier this month, the foremost home banking participant BBVA introduced plans to start permitting clients to commerce BTC.
Shortly after, media shops reported that CaixaBank, Kutxabank, and Renta 4 are additionally hoping to begin permitting their clients to entry the crypto markets through their cellular apps.
The put up Most Spanish Crypto Merchants Are HODLing BTC, USDC – Survey appeared first on Cryptonews.